Even as the Government unveils tough new financial regulations mandated by the International Monetary Fund (IMF), Rohan Barnett, executive director of the head of Jamaica's financial services watchdog, the Financial...
Prime Minister of St Vincent and The Grenadines Dr Ralph Gonsalves, has presented an EC$913.5 million (US$338.3 million) tax-free budget to Parliament that also proposes removing the value-added tax on wheat and raw chicken imports, as well as packaging...
The Bermuda Government has announced it is to spend US$800,000 on a review of the island's two corporations, Hamilton and St George's, which it said it wants to close down because they are "outdated"...
There was a damper on spending via debit cards during the high shopping season in December, although total spend for the year came out almost spot on projections, data from the multilink banking system is showing...
Kenny Benjamin, chief executive officer of the Guardsman Group, a security services firm and technology provider, has secured the pest control franchise for Orkin products under an exclusive distribution deal with the American company...
The Bruce Golding administration has called for a US$1-billion (J$90 billion) rescue fund for the financial sector, the size of which has sparked concerns about the health of Jamaica's investment houses, including its smaller players...
Jamaica's largest insurance company and two biggest banking groups have confirmed their full participation in the $700- billion Jamaica Debt Exchange programme (JDX), despite the expected decline in interest income on investment portfolios....
Support for US Federal Reserve Chairman Ben Bernanke's confirmation for a second four-year term as head of the central bank mounted Monday as the White House appeared to staunch opposition that had roiled the financial markets....
Kingston Wharves Limited (KWL), one of the Caribbean's leading multipurpose terminals, is upgrading its warehouse services in an effort to improve service to customers.Grantley Stephenson, chairman and chief executive officer of KWL, said that the aim...
National Commercial Bank Jamaica Limited (NCB) will participate fully in the Government's debt-exchange programme (JDX), the banking group said, but warned it would result in lower income yields.
While Jamaica has not yet decided to follow The Bahamas and other Caribbean governments in setting aside funds to support persons who have lost their jobs, Labour and Social Security Minister Pearnel Charles has said the matter is set for discussion with trade unions when the matter of redundancy pay for civil servants set to lose their jobs comes up for talks next month.
Trinidad will say within a week whether it is buying Air Jamaica, and will disclose the terms under which it will takeover the loss-making carrier, Finance Minister Audley Shaw said Wednesday.
It is hard to comprehend the scale of the suffering that the people of Haiti have had to endure since January 12. Then, the capital and areas close to the epicentre of the earthquake of what was already the most impoverished nation in the Western Hemisphere, were plunged into circumstances from which it will take decades to recover.
The Caribbean Regional Technical Assistance Centre (CARTAC) has launched a financial literacy website intended to develop a more financially literate populace across the region.
House hunting is changing. In fact, so too is the search for anything you want to rent. Driven by their own bad house-hunting experiences, a group of university students has teamed up to do brisk business placing rentals online.
The Government is leaning towards floating the Port Authority of Jamaica on the stock exchange to raise equity capital for the over-leveraged firm, while broadening its ownership. The Port Authority is one of 15 to 20 state-owned businesses and assets up for privatisation
In March 2009, my 1995 Nissan Sunny car was hit by a Leyland truck. The truck is owned by L.P., who lives abroad, and was driven by S.B. The third-party insurers have denied liability. The driver's licence was issued only three months before the accident. The policy requires him to have had a licence for not less than three years. I contacted the owner's son. With a 'take it or leave it attitude', he told me that he was willing to stand half the cost of repairs.
The commercial real-estate market is seeing a shift in demand by retailers who are giving up space in high-rent locations and seeking inexpensive display, storage and operating space in Montego Bay, usually in the centre of the town.
Dr Christopher Tufton, the minister of agriculture, is urging more private interests in invest in the sector. "The time is right for the private sector to invest in agriculture because of proven returns in certain sectors, and good opportunities are now available...
Three days into the offer for the Jamaica Debt Exchange (JDX), Finance Minister Audley Shaw was ebul-lient about the response from bondholders."The response has been remark-able," he said Wednesday night while addressing the monthly Mayberry Investor ...
Cristopher Williams, who is currently transitioning from NCB Capital Markets Limited to Proven Investments Limited, a new investment firm, is suggesting that Government use the opportunity presented by its liability management plan..
Government needs to do more than a debt exchange to right its fiscal accounts, said Bruce Bowen, president and chief executive officer of Scotia Group Jamaica, whose formula for growth includes revisions to the tax system, smaller government and bigger...
Jamaica's fiscal deficit is now estimated at 10 per cent of gross domestic product (GDP), and the overall public-sector deficit will likely round out the year at 12.75 per cent of GDP, according to information presented to Parliament by Finance Minister Audley Shaw Tuesday...
Jamaica Money Market Brokers (JMMB) is losing two of its senior strategists to Victoria Mutual Building Society (VMBS), who will join the mortgage group's wealth-management team, according to well-placed sources. Jason Morris, portfolio manager ...
Jamaicans heading into retirement this year are likely to see a reduction of up to 40 per cent on private pension income after the Government's debt-swap transaction closes, according to the estimates of local actuaries...
